China remains on course to be the world's biggest economy this century, even if only briefly, but real convergence of living standards with richer powers is harder and brings other financial headaches.
The South African rand weakened early on Wednesday, pressured by a first-quarter increase in unemployment and concerns over how long easy financing conditions would last globally.
Even as Canadian businesses prepare to reopen gradually this summer after a year of intermittent lockdowns, banks are wary about the prospects of a fast uptick in credit growth as an economic recovery remains patchy and cautious commercial clients hold on to record amounts.
The Australian and New Zealand dollars were locked within tight ranges on Wednesday as upbeat domestic data and strength in global commodity prices failed to break the forex market's recent lethargy.